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Three lots in Grossmans Ridge Estate in Torquay sell for a total of $159k over reserve

Tessa Hayward

Tessa Hayward

9 Feb 2017

Geelong Advertiser
Grossmans Ridge Estate, Torquay

Grossmans Ridge Estate, Torquay is popular with Torquay locals.

THREE blocks of land in the Grossmans Ridge Estate have sold at auction for a total of $159,000 over reserve.

Lots 21, 22 and 31 at 460 Grossmans Rd, Torquay sold for $600,000, $553,000 and $566,000 respectively.

Selling agent Michael Ferris, of Cyan Property, Torquay, said they were great prices and a strong result.

“More than 100 people attended and they were all local buyers,” Mr Ferris said.

Swimming Between the Flags

Torquay locals know the value of large lifestyle blocks. Picture: Nathan Dyer

Price expectations for the 4000sq m blocks of land were high-$400,000s to low-$500,000s.

The blocks are on the edge of northwest Torquay and provide opportunity for families to build a large home surrounded by open space.

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